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REGISTERED NUMBER: 02302966 (England and Wales)

















LARICHE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






LARICHE INVESTMENTS LIMITED (REGISTERED NUMBER: 02302966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LARICHE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: LS Pinkney
TRR Mathias





REGISTERED OFFICE: Ffoswen
Llandeilo
Carmarthenshire
SA19 6SF





REGISTERED NUMBER: 02302966 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

LARICHE INVESTMENTS LIMITED (REGISTERED NUMBER: 02302966)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 900,000 900,000

CURRENT ASSETS
Debtors 5 70,668 58,530
Cash at bank 643,775 641,965
714,443 700,495
CREDITORS
Amounts falling due within one year 6 47,678 42,301
NET CURRENT ASSETS 666,765 658,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,566,765

1,558,194

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 148,108 148,108
Retained earnings 1,418,557 1,409,986
SHAREHOLDERS' FUNDS 1,566,765 1,558,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





LS Pinkney - Director


LARICHE INVESTMENTS LIMITED (REGISTERED NUMBER: 02302966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Lariche Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 applicable to small companies. The disclosure requirements of section 1A of FRS 102 have been applied, other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Turnover
The company lets its commercial and residential properties. Turnover represents rents received and receivable, excluding discounts and rebates, and is recognised as rents fall due; the company is not registered for Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on cost

Tangible assets, other than investment properties (see below) are initially measured at cost and subsequently at cost less depreciation and impairment losses.

The gain or loss arising on the disposal of an asset is the difference between its sale proceeds and the carrying value of the asset, and is immediately credited or charged to profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, in which case the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LARICHE INVESTMENTS LIMITED (REGISTERED NUMBER: 02302966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments for periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year-end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property
In accordance with the FRS102 (effective January 2015), the company's investment property is revalued annually at its open market value, with changes in fair value recognised immediately in profit or loss.

Fair value gains do not represent distributable profits and so they are credited to a separate fair value reserve. Fair value losses are first used to reduce the fair value reserve and, once this is exhausted, they reduce retained earnings.

Depreciation is not provided on investment property, which is a departure from the Companies Act 2006. In the opinion of the directors, the property is primarily an investment and so its current value is of more significance than any measure of consumption; consequently, they believe that a depreciation charge would distort the true and fair view presented by the accounts, which therefore do not include a depreciation charge for investment property.

Impairment of fixed assets
At the end of each reporting period, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered impairment. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss..

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time-value of money and the risks specific to the asset concerned.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the lower of:
a. the revised estimate of its recoverable amount; and
b. the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years.
A reversal of an impairment loss is recognised immediately in profit or loss.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LARICHE INVESTMENTS LIMITED (REGISTERED NUMBER: 02302966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 900,000 3,390 903,390
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 3,390 3,390
NET BOOK VALUE
At 31 March 2023 900,000 - 900,000
At 31 March 2022 900,000 - 900,000

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2023 900,000 3,390 903,390

If the freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 751,892 751,892
Aggregate depreciation 260,655 260,655

The freehold property was valued on an open market basis on 31 March 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,668 58,150
Other debtors 17,000 380
70,668 58,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,414 13,414
Taxation and social security 1,989 15,099
Other creditors 32,275 13,788
47,678 42,301

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

LARICHE INVESTMENTS LIMITED (REGISTERED NUMBER: 02302966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RELATED PARTY DISCLOSURES

During the year, the company was charged consultancy fees of £47,000 (2022: £50,000) by a business in which a director has an interest.